Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) Shares Down 0.2%

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) were down 0.2% on Friday . The stock traded as low as $28.56 and last traded at $29.46. Approximately 440,739 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 683,194 shares. The stock had previously closed at $29.53.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Stock Performance

The business has a 50 day moving average of $31.25 and a 200-day moving average of $35.69. The company has a market capitalization of $355.29 million, a P/E ratio of 1.38 and a beta of 1.35.

Hedge Funds Weigh In On Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the first quarter worth about $105,000. Hodges Capital Management Inc. grew its holdings in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 60.0% during the first quarter. Hodges Capital Management Inc. now owns 10,000 shares of the company’s stock worth $410,000 after purchasing an additional 3,750 shares in the last quarter. Pickering Energy Partners LP increased its position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 25.0% in the fourth quarter. Pickering Energy Partners LP now owns 20,000 shares of the company’s stock worth $654,000 after purchasing an additional 4,000 shares during the last quarter. Simplex Trading LLC raised its stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 28.9% in the first quarter. Simplex Trading LLC now owns 76,659 shares of the company’s stock valued at $3,143,000 after purchasing an additional 17,189 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the second quarter valued at approximately $743,000.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Company Profile

The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH) is an exchange-traded fund that mostly invests in energy equity. The fund provides 2x daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US. GUSH was launched on May 28, 2015 and is managed by Direxion.